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Samsung announces 800K Galaxy Gear smartwatches shipped since launch [u] - Page 2

post #41 of 121

They told you what happen, it so popular they are continuing the "Sale Promotion" which is marketing speak for they are not selling so we have to entice people to buy, i.e. give them away to get them to buy something else.  

post #42 of 121

BREAKING NEWS!!!!

 

ITC reports Samsung now has 81% of Smartwatch market!

post #43 of 121
We had a samsung promotional event here in Uruguay (Latin America) a couple weeks ago.
They were selling the note 3 for 1300 dollars and the watch for 700 dollars. That's 2000 dollars for a "phone" and a watch, in a country were minimum pay is 400 dollars.

I'll try to find some of the pictures I took of the event.
post #44 of 121


This is how they promote their products on the markets where Apple has almost no presence.
Edited by Drunkzombie - 11/19/13 at 6:03am
post #45 of 121
"The South Korean firm said Gear sales have been better than its own expectations and it would expand sales promotions for the wearable device for the crucial year-end holiday sales."

I'm sorry, but if you are beating your own expectations you never expand sales promotions (discounting).....I call BS!
post #46 of 121
Quote:
Originally Posted by shompa View Post

At least here in Sweden: When you buy a high end Samsung phone you get the Gear for free.
 

 

Hey, is that like an oxymoron or something?

post #47 of 121
Quote:
Originally Posted by Esoom View Post
 

A 20% return rate means there's 160,000  that were returned, or, knowing Samsung, more.  These things are going to show up on ebay soon, for $100.

http://www.ebay.com/sch/i.html?_trksid=p2050601.m570.l1311.R3.TR11.TRC1.A0&_nkw=galaxy+gear+watch&_sacat=0&_from=R40

Too late!

post #48 of 121
Wow, that's a lot of ignorant people. Everyone who reviewed the Gear said it was junk (in the politest way possible) yet people still bought them. Who's the real sheep?

Must be a lot of Dick Tracy wannabees out there. Or maybe nerds looking for something to match their Batman Utility Belt.

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post #49 of 121
Maybe 800,000 were sold and 750,000 were returned. 1smile.gif
post #50 of 121
AppleInsider will print anything Samsung related for the clicks.

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post #51 of 121

I thought the original report from South-Korea was related to their domestic sales (so South-Korean sales). If that’s the case, than both the former report’s mention of 50 k sales AND Samsung’s PR claim of 800k can be true.

 

Samsung = We filled our worldwide channel with 800k units (heck we have 3 colours of them). And since we are so happy with the momentum, we will keep our promos for the upcoming holidays (ho, I see what you did there, trying to spin it positively - but since when is a hot-selling device discounted/promo-ed for 4 months?)

 

South-Korean report = Samsung actually sold 50k units in South-Korean in a couple of months (if I’m not mistaken).

post #52 of 121
Quote:
Originally Posted by Rogifan View Post

Why would they ship something they don't think they'll sell?

Surface 1, Playbook. It does happen.

Honestly, we can't trust Sammy's numbers. Put the data in a financial statement, Sammy.
post #53 of 121
Quote:
Originally Posted by PhilBoogie View Post

800k instead of 50k. Maybe they were using Excel?

lol.gif They should have hit return to get the correct total.

It makes a lot more sense for the 50k sales to be from Korea than worldwide. It's available in over 140 countries. This would be around 1.2m units per quarter or 4.8m units per year so could well be exceeding sales of Casio G-shock watches.

However, bundling it with the Galaxy Note 3 when it's bought on a 2 year contract makes it really hard to determine demand. They sold 5 million Note 3s in a month:

http://www.cultofandroid.com/43988/samsung-has-shipped-5-million-galaxy-note-3-units-in-just-one-month/

Most of the watch shipments could have been bundled with Note 3s, which means they've sold as many watches as they've sold Galaxy Note 3 boxes in the watch+phone bundle.

New Samsung record: 5 million Samsung Galaxy Note 3 boxes sold. The boxes come with the device but they are sold along with it. Same with the carrier bags, record carrier bag sales by Samsung.

Let's see some standalone watch figures Samsung and that'll determine the actual demand for the watch.
post #54 of 121

Hmmm ... if true, I guess there are 800,000 idiots are among us!

 

Then again, what was the last time Samsung said / did something honest and truthful, eh?!!

 

I call this BS. PURE BS! This is f'ng Samsung we talking! ;)

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post #55 of 121
And we are to believe a company that lied about its stealing until convicted of it? Samsung has damaged its credibility.
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post #56 of 121

Almost a million *sold*? I have a hard time believing this. 

post #57 of 121
Quote:
Originally Posted by Marvin View Post

lol.gif They should have hit return to get the correct total.

LOL ...but I hadn't put in any number into the Formula Bar...
Quote:
It makes a lot more sense for the 50k sales to be from Korea than worldwide.

And that is precisely it, @RichL here pointed it out as well.
Quote:
However, bundling it with the Galaxy Note 3 when it's bought on a 2 year contract makes it really hard to determine demand. They sold 5 million Note 3s in a month:

http://www.cultofandroid.com/43988/samsung-has-shipped-5-million-galaxy-note-3-units-in-just-one-month/

Most of the watch shipments could have been bundled with Note 3s, which means they've sold as many watches as they've sold Galaxy Note 3 boxes in the watch+phone bundle.

That link says shipped, not sold. And explaining the difference.

And this is still true, right? When Apple says Sold they mean Sold. When anyone else says Shipped they could mean anything and when they say Sold they could mean anything. Correct? (as far as we know or are able to 'verify')
Quote:
New Samsung record: 5 million Samsung Galaxy Note 3 boxes sold. The boxes come with the device but they are sold along with it. Same with the carrier bags, record carrier bag sales by Samsung.

I don't think they would sell many if they bundle the whatever hundreds of dollar phone plus a $300 watch.
Quote:
Let's see some standalone watch figures Samsung and that'll determine the actual demand for the watch.

We can hope, but I don't think we can watch out for this breakdown.
post #58 of 121
Quote:
Originally Posted by PhilBoogie View Post

When Apple says Sold they mean Sold. When anyone else says Shipped they could mean anything and when they say Sold they could mean anything. Correct? (as far as we know or are able to 'verify')

Incorrect. As far as I know Samsung reports sales in accordance with International Accounting Principles (IAS) rather than GAAP like here in the US and there are some areas of difference between IAC and GAAP. Even Canadian GAAP has some differences compared to the US GAAP. Accordingly sales are recognized under IAS when:

-Revenue arising from the sale of goods should be recognised when all of the following criteria have been satisfied: [IAS 18.14]
-the seller has transferred to the buyer the significant risks and rewards of ownership
-the seller retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold
-the amount of revenue can be measured reliably
-it is probable that the economic benefits associated with the transaction will flow to the seller, and
-the costs incurred or to be incurred in respect of the transaction can be measured reliably

So with regard to recording a sale it's nearly identical to how Apple recognizes one. Shipped vs.sold is more of a tired meme than anything else for the most part IMO. Now if what you really wanted to discuss was sell-in and sell-thru that's a different issue and one where Apple is more transparent than it's competition for the most part. But sell-thru is not what Apple reports when they record a sale. (Yeah I know they sell some devices directly to consumers themselves but no where near the majority of them)
Edited by Gatorguy - 11/19/13 at 8:16am
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post #59 of 121

"​Samsung announces 800K Galaxy Gear smartwatches sold since launch" -- for a company that's known to lie blatantly and use unfair means to try to gain competitive advantage, this is just unbelievable. May be they meant 800K stupidwatches 'stuffed', as opposed to 'sold'.

post #60 of 121
Quote:
Originally Posted by Gatorguy View Post

Incorrect. As far as I know Samsung reports sales in accordance with International Accounting Principles (IAS) rather than GAAP like here in the US and there are some areas of difference between IAC and GAAP. Even Canadian GAAP has some differences compared to the US GAAP. Accordingly sales are recognized under IAS when:

-Revenue arising from the sale of goods should be recognised when all of the following criteria have been satisfied: [IAS 18.14]
-the seller has transferred to the buyer the significant risks and rewards of ownership
-the seller retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold
-the amount of revenue can be measured reliably
-it is probable that the economic benefits associated with the transaction will flow to the seller, and
-the costs incurred or to be incurred in respect of the transaction can be measured reliably

So with regard to recording a sale it's nearly identical to how Apple recognizes one. Shipped vs.sold is more of a tired meme than anything else for the most part IMO. Now if what you really wanted to discuss was sell-in and sell-thru that's a different issue and one where Apple is more transparent than it's competition for the most part. But sell-thru is not what Apple reports when they record a sale. (Yeah I know they sell some devices directly to consumers themselves but no where near the majority of them)

Actually Sammy doesn't report any hard unit numbers at all.
post #61 of 121
Quote:
Originally Posted by Gatorguy View Post

^ post

Thanks. Now that you post this, I remember it was posted earlier as well (perhaps by you). So, in short, a company gets to call it as sold because they receive money for shipping said product, be it the end customer or a reseller. And if that reseller can't get revenue for the product that is their issue. They might as well use it themselves or whatever.
post #62 of 121
Quote:
Originally Posted by AppleInsider View Post

"It's the most sold wearable watch available in the market place..." Samsung said.
 

 

 

Quote:
Originally Posted by lightknight View Post

Surely all watches are wearable, else they're called "clocks".


But again, I'm technologically illiterate 1wink.gif

 

Ok, I thought it was just me.

post #63 of 121
Quote:
Originally Posted by Just_Me View Post

Quote:
Originally Posted by PhilBoogie View Post

800k instead of 50k. Maybe they were using Excel?

Only Numbers can make that mistake. Maybe DED got an internship making charts and graphs for Samsung

Numbers works as it should:



Excel does too, last time I checked. It's just that marketing doesn't always know the product they are marketing, hence the empty Formula Bar:



So, no, DED was not drowning in the water here. But we've been through all this before
post #64 of 121
800,000 SHIPPED, not sold.
post #65 of 121
These are clearly actual SALES. Not just "shipped." Let's give credit where due: Samsung copied a mere rumor and made a real product that sold nearly a million.

The nature of the sales is made clear at the end of the report: "Hey, mister--I work for Samsung down the street. Do you want this truck for $5? You can have whatever's inside it too!"
post #66 of 121
Quote:
Originally Posted by Ireland View Post

Oddly the article title says 'sells' http://blogs.wsj.com/digits/2013/11/19/samsung-sells-800000-smartwatches-since-launch/
Curiously it says this in the second paragraph:

"Samsung is clearly trying to sell the idea that it’s doing just fine. The South Korean company said Tuesday it has shipped more than 800,000 units of the smartwatch since its launch in early September."

Next time try to read past the headline.
post #67 of 121

If true, that number puts a little damper on Apple enthusiasts Schadenfreude, but it doesn't change that that Samsung gear is a fugly device I hope I don't see more people wearing out and about.  If the 'artists renderings' of Apple's Wonder Womanesque iBracer are close to what the delivered product looks like I sure as hell hope those don't catch on either.

 

Hopefully that's a ruse and Apple comes up with something both elegant and functional- or nothing at all.

post #68 of 121
Quote:
Originally Posted by PhilBoogie View Post

Thanks. Now that you post this, I remember it was posted earlier as well (perhaps by you). So, in short, a company gets to call it as sold because they receive money for shipping said product, be it the end customer or a reseller. And if that reseller can't get revenue for the product that is their issue. They might as well use it themselves or whatever.

Pretty much.
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post #69 of 121
Quote:
Originally Posted by TNSF View Post

800,000 SHIPPED, not sold.

 

I don't think they know the difference judging by the fact that they claim to have "the most sold wearable watch."

post #70 of 121
Somewhat related (at least it's about SAMSUNG)...

Seems they've borked their latest S3 update and so suspended it for the time being. Makes me even more confident of their ability to deliver a well-designed and properly performing Tizen. 1hmm.gif
http://www.bbc.co.uk/news/technology-24995544
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post #71 of 121

They may, or may not, have sold 800K.  I personally don't believe everything that Samsung says, given their demonstrated history of misinformation.  For instance, they lied about the specs including the speed of their devices.  When someone lies about something in life, you can't be sure they aren't lying about something else.  

post #72 of 121

Apparently now confirmed to be shipments: http://www.theverge.com/2013/11/19/5121212/samsung-galaxy-gear-smartwatch-sales-figures

 

Quote:
Update: Although Reuters reports the figure represents sales, Korean publication Yonhap claims Samsung is referring to shipments to retailers. Samsung Korea has confirmed in an email to The Verge that the figure relates to shipments as originally reported by Yonhap.
post #73 of 121
Quote:
Originally Posted by cincytee View Post

Apparently now confirmed to be shipments: http://www.theverge.com/2013/11/19/5121212/samsung-galaxy-gear-smartwatch-sales-figures

Unless Samsung has turned into a charity or a consignment shop those shipments were purchased by the reseller. That make's 'em a sale same as they'd be for anyone else including Apple. By the same token those sales aren't to be misconstrued as sales to an end-user, aka sell-thru.
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post #74 of 121
Galaxy Gear support only 3 devices

~ Samsung note 3
~ Samsung note 10.1.2014
~ Samsung s 4

The transition to Jelly Bean 4.3 in older OS has been a complete failures recently where their flagship s3 is still running 4.1 and those who have updated it to 4.3 had made their s3 dead or useless scrap of cheap plastic waste. The no of S4 is too small so where the hell did the figure 800,000 units has popup. Update of android jelly bean 4.3 has been pulled off by Korean firm and you see new devices are still being rollout with 4.2 or even the obsolete ice cream sandwich. Launch of Kitkat has been taken away to an unknown destination

Real time statistic from reliable sources base on real time fact show only 50000 units has been sold with a high return of 30%.

So what Samsung is doing is saying blah blah blah otherwise they would have show real data based on inventory report. Moreover how people do you see wearing it only a few

One fact becomes very clean the working style of Samsung is based on Barbarian Civilisation. From June 2013 they have bring caught end red handed in manipulating benchmarks and now resorted to false claim.

Is this what we consumer get in the name of technological innovation that spiral on innovation crisis. Height of sickness.
post #75 of 121
Quote:
Originally Posted by peter236 View Post

Apple is lagging way behind when it comes to smart watches.

In December 2006, Apple was lagging way behind when it came to smartphones.

 

In March 2010, Apple was lagging way behind when it came to tablets.

 

So, yeah. Apple is lagging way behind when it comes to wearable computing devices. Until it isn't.

post #76 of 121
Quote:
Originally Posted by Gatorguy View Post


Unless Samsung has turned into a charity or a consignment shop those shipments were purchased by the reseller. That make's 'em a sale same as they'd be for anyone else including Apple. By the same token those sales aren't to be misconstrued as sales to an end-user, aka sell-thru.

 

I believe Walmart, Costco and others beg to differ... If it is not sold in the 3 months time it is allowed, it is returned (along with defects, client returns and what not). Or the provider makes a deal of sorts with the retailer in order to extend the timeframe or to make a promo/firesale.

post #77 of 121
Quote:
Originally Posted by Gatorguy View Post

Unless Samsung has turned into a charity or a consignment shop those shipments were purchased by the reseller. That make's 'em a sale same as they'd be for anyone else including Apple. By the same token those sales aren't to be misconstrued as sales to an end-user, aka sell-thru.

See Surface 1, Playbook, kin.
post #78 of 121
Quote:
Originally Posted by Constable Odo View Post

Not bad. However, if Apple were to sell only a few million smartwatches it would be considered an epic failure. It's a relative sort of victory for Samsung. By the time Apple introduces its own smartwatch, Samsung will have reduced the Galaxy Gear to around $150 or even lower if necessary just so Apple won't be able to sell its own smartwatch in high quantities. Nowadays, only market share matters.

One thing for sure, those Gear smartwatches are probably counted as Android activations to kick Android market share even higher in comparison to iOS. Chalk it up as another gazillion a day Android activations to show Android is just crushing Apple into oblivion.

Android crushed Apple with junks because only 1/3 of android devices are in comparable class with iPhone. Samsung smart watch is ugly and sucks; pay me to wear it? I wont. btw, a company responds to rumors? lol

post #79 of 121
Quote:
Originally Posted by jungmark View Post

See Surface 1, Playbook, kin.

Exactly. While those were originally sold and counted as such you'll note the required disclosures when poor retailer sales resulted in a special allowance for them to return those unsold products for manufacturer write-off. I don't recall any Samsung announcements to that effect (nor Apple either for that matter). You can bet that if it happened it would'a been reported. Not much makes it past the tech press, at least not all of them.
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post #80 of 121
Originally Posted by Bob Smooper View Post
Your 50,000 watches sold post was slightly wrong. 800,000 watches. Slight discrepancy.

 

And you have proof they actually sold? Because here’s proof they didn’t:

 

Originally Posted by cincytee View Post

Originally posted by Relic

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